feb2865

oH I forgot it's an inside day for EUR AND GPB but not for the aussies.....so I guess EUR and GPB will be even better!!!let's see what happens

Well folks I always set an alert for my celphone...and to my surprise the alarm went off @ 8:00 PM EST target achieved @ 8:15 PM I'm still on the trade trailing stops...I think this baby is going to do more than 20 pips tonigth I'll let you know how far it can go. Aussies rocks!!!! AUD-USD results 11-09-2006.xls

Dear friends seem like we had an inside day today. If you want to really practice forex, this is your big chance. Set your brackets accordingly and go for the kill. Raul

Hello James no I didn't exclude the wicks. Please check the candle preceding the last one. The blue one. Remember that's the daily chart. Raul

James you're going to find this funny but here's the story My father went to Tokyo in 1951 for some sort of training in preparation for the Korean war. He fell in love with a girl ovethere and there's a rumor that I have a long-lost brother in Tokyo (he is older than me hahahahaha) My father past away in 96 and I've been trying to get some sort of evidence about it Raul

There's nothing like a fresh wine form spain. I went to Torrejon de Ardoz, many years ago and I tried probably the best wine I ever had in my life. Here in America we don't get the best wines from spain I think. I had one of the best times in my life ever when I went to spain the motherland will give you 1)women (OMG those big eyes!!!!) 2) food - unbelievable fabada, paella 3)wine - The best 4) and a beautiful landscape - I remember we drove form Madrid to Cadiz....just amazing landscape what else could you ask for? Raul

This is what I found out when I woke up this morning entry - 0.7702 exit - 0.7769 target - 5 pips target acheived as I said on the seminar - AUD/USD moves faster my other orders are still pending AUD-USD Results 11-08-2006.xls

The system I've been teaching is not my system and nobody else's property. It was invented many years ago as a guide for the interbank market. Feel free to profit from it. Pass it on. Make money. be happy and if I've been helpful to you, If I'm ever in your town, a bottle of Merlot, Ribera del Duero, Rioja, Carmenere or Cabernet will do;) (just kiddin')

Ant I didn't read your last post entirely. As for re-entries, they're not allowed. Once you miss the bus you have to wait for the next one for the following day. That's why I set up brackets ahead of time just in case London session has a strong move while I'm sleeping. Once the bracket is activated, we need to let it go and do it's thing. Like all markets, you're going to get pullbacks at these levels. If it happens that you're actively watching the market during that time , ignore it and go do something else. Three things are going to happen 1) your stop-loss is going to get hit 2) you won't have a trade or 3) you will make money I normally see # 2 or # 3 very often and if you're shooting for 5 pips, I bet you'll see # 3 quite a lot. The whole idea is to win consistenly. Raul PD: One thing you consider for the bracket is to make sure your broker has a crystal clear execution, preferably a DAT. If your broker charts or DOM's get frozen during a fastmarket, consider a change or don't trade

Ant here's the bracket http://www.traderslaboratory.com/forums/f24/overnigth-trading-bracket-set-forget-747.html#post2498

here's my overnigth trading bracket I am going in with limited amount of lots as I see the GPB/USD at monthly highs. I think the pound is going to break the high's as the EURO normally tracks the pound in this particular situation. But anyway, I am trading ligth just in case. GPB-USD 11-8-2006.xls EUR-USD 11-8-2006.xls AUD-USD 11-08-2006.xls

Hello Ant Tomorrow I'll be doing a seminar in the chatroom sometime after lunch. Part of it has to deal with placing orders ahead of time. If you can't make it I can send you a transcript. Maybe that will throw some ligth on what you're looking to acomplish Regards Raul

excellent article!!!!!!

Don't worry I'll have it ready for you . 200 points down

I will have it available tomorrow at the chat room I borrowed from a friend of mine. I have to return it on Thursday evening so that will make us plenty of dough for two days. Pick your favorite market. I will make it work for you. Don't miss this opportunity Enjoy Raul

I think would be better to do the seminar after lunch. That way we could trade the morning session with ease. Besides, there's always questions and answers. Yes, I will look forward to record the transcript Raul

Dear Traders I would like to do a small forex seminar at the chat room tomorrow. I see you guys normally trading at the morning session. We can do it pre-market or maybe after lunch. Won't take more than an hour. I'll let your guys decide the time . I'll be available all day. Regards Raul

OH BOY That's really funny

I am so sorry It's not comedy central...it's CNBC. for some reason I don't understand, I mix CNBC, Comedy Central and Cartoon Network. Maybe there's some sort of subliminal message implanted in my brain, well I don't know. They're not similar rigth?? My apologies Regards Raul

Colorado I think you just hit the nail in the head. I cound't agree more with your coments. It's unbelievable but there's still some traders/investors outhere who believes that shorting a stock is totally un-american. Sometimes I watch comedy central, you know in order to entretain my self, and this guy....whats his name/ oh ok..Jim Kramer always is buy, bullish, etc. It's unelievable how many people calls that program for advice...oh boy..This is just my opinion please apologize if I offended anyone. Regards Raul

Another thing if you feel like your strategy is nor working out for you, just let us know. The whole purpose of this site is for traders to help each other. We will have an objective view of your system and we will try to help you out the best we can. You have my word that I will keep the integrity of your post and I won't let anyone make a fool of your strategy for as simple or complicated it could be. Here we have plenty of capable and experience traders that will gladly throw some ligth to you in your path for success. Feel free o share with us, we'll be happy to help. Regards Raul

The market will fool you everyday. No exception You see the price moving your way and you're tempted into follow that move and forget whatever you already have in place. Or maybe you missed the bus and you're looking to ride it before it gets to the next stop. Your hands get sweaty. Your heart start pumping blood all the way up real fast as your brain is "demanding" for an inmediate action. Then the market starts to move her hips in a sexy arabian way, and you're falling for it. Oh boy, seem like you have no choice. what do you got to lose? Well yes you could lose, a lot. That's what the market wants. Soon your hard-earned cash will be like a grain of sand in the middle of the sea. Become a player of the market. Don't let the market "play" you. You're the one who call the shots. Not the market. Accept the fact that sometimes you lose even if you follow your system to the core. But your winings will surpass you loses by far more. All of the above is assuming you have a profitable system in place. Remember you're responsible for you entries as well as your exit. Not the market. Regards Raul

Guys This is probably the most talk-about subject in the whole entire trading universe. Indicators followers VS price action followers to be or not to be?? So , market profile is better tha EMA'S? or perhaps pivot points are better tha big mac with Bollinger bands on top? Here's a little story Mr. Mark Rubens. 81 years old, Active trader for more than 50 years. My mentor. Yes he trades electronically like us. If you ever go to his house and check his stuff, you won't find any charts whatsover...anywhere I told him once "Markie, why don't you throw some charts to make your life easiser" I said He responded "Raul, to me market is price, not figures"...I shot my mouth, put my tail between my legs and I have never, ever mention the subject again. Do you think he's wrong??? well after 50 years doing the same, I sincerely doubt it will I ever trade with no charts??no I can't They make my life easy...That's Markie's fingerprints, not mine. Listen, every single trader, investor, etc. use some sort of "indicator" Whatever it is...you gotta have something that pop out a signal, don't matter if is leading, laggin' piggin' shoffin' ...I bet you have to have somethin' Bottom line: If your EMA is crossing with your SUMA and your CUMA is slopin' down to your OMA for your entry and at the end you are profitable...hey my hats off to you!!!! what's wrong with that? But if price is violating your S/R line and it has to be done with half of your left eye closed and only while your jumpin' with your left foot at exactly 10:067 AM for your entry ....and you're profitable...my hats off to you. It's all about profit my friend otherwise, Walmart is always hiring . People , you MUST have your own edge if you're going to be succesful in this business. That takes time, patience and be persistent to be developed. After that' you will be astute enough for not to let the market(AKA Pit traders) fool you, like it(they) does all the time. If you don't believe me, well keep plugging your umbillical chord to every "strategy" you see outhere and after you're exahusted thousands of dollars , then come back and read my post again. My system, strategy method etc, will make money for me, but will not necessary make money for you. This is like fingerprints my friend and that's exactly why traders should stop looking for the holy grail because it doesn't exist. Once your develop your own "edge" stop looking for more. You don't need any more "technique" you need to start trading. Indicators are just guidelines... what are you going to do when you get the signal?? to me, that's the heart of trading I rely on support and resistance for my trades. Plain and simple. That's all I use since 1983..yes plain vanilla. Should I tell Kiwi that he's wrong becuase he's using MA crossovers? I am not entitled to, besides I am sure he's profitable Should I put an entry because a S/R lines has been crossed..hell no It's not the market crossing the line . Its how the market is going to behave once I get the signal what matters. This is my fingerprint. My system. This morning 11/03/2006 ER2 went straigth to the top @ the speed of sound at the opening. Did I trade? no..why? becuase it went to fast and the market MUST give me signal if it crosses the line otherwise I'll stay on the sidelines. You have no idea how many people got screwed up on that rally thinking that the market will continue trailing up. Iv'e seen that many times. But because I have a system in place and I excise discipline into follow my system to the core, my stack is on my side and not in somebody else's pocket. My friends, this type of discussions ends up in nothing 99% of the time. Do yourself a favor and keep perfecting what you're already have. Be open to new things. But if they don't work for you, keep moving on with what you already have. Raul

count me in I am going to be watching carefully a trade I have on EUR/CHF as tomorrow I'll probably be taking profits. Looks like NFP could make a big gap in the morning Raul

I am sorry gr I didn't read the DAT part of the sentence. If you're looking for a setup using DAT it's advisable to have someone set you up at home. If you're trading futures, Transact has a DAT platform very simple to use and reliable. That's what I use for execution. As for stocks, as I said before it's better to let someone with experience guide you on that matter Regards Raul